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Re: Butter Bot!: New Bitstamp, BTC-E, and MtGox EMA Trading Platform
by
bigb159
on 21/11/2013, 14:45:33 UTC
I guess we need reversed chart reading to make more btc with ema trading ( what generates also more dollars )

not btc- usd but usd-btc...

so it will sell btc when usd get more in value ( decreasing btc price ) and buy when usd get lower ( increasing btc price ).

Then ema trading will work to generate more btc but also usd as you could always sell your "more" btc manual when you want usd...

So as for now usd is on a downtrend...
When btc drops usd is in uptrend...

When you buy and sell BTC for USD you should be trying to increase your USD balance. Buy BTC for low value in dollars, sell high for more dollars. Over the past week of micro-trading I've had to change my mentality. I started out trying to trade up .5 BTC to 1 full BTC and with the current volatility, I was on track. I caught myself halfway through the week - my BTC balance was not increasing as steadily as my USD balance was. In essence, when you trade on this current uptrend, you hope that the price of BTC will drop and you will be able to snap up lots of BTC to dump at for a better fiat price. As the trend goes up, I can buy fewer BTC at the high price, but my USD balance is increasing.

TL,DR - you're looking at the wrong charts if you want to trade for BTC balance. You need to be selling and buying USD on the BTC value.